Lunchbox Consumes $20M Series A Round

Lunchbox, a next-gen online ordering engine for restaurants, announced it has raised a $20 million Series-A round. Coatue led the investment in this round alongside other industry innovators and investors in Lunchbox's seed round.

Joining Coatue in this round are renowned celebrity chef Tom Colicchio, Behance founder Scott Belsky, Former Venmo COO Michael Vaughan, HelloFresh founder Bryan Ciambella, Planet Hollywood founder Robert Earl, and Girls Who Code founder Reshma Saujani. Lunchbox's initial investors, 645 and Primary Ventures, are also joining this round.

Lunchbox's all-in-one platform has provided a viable and sustainable alternative for restaurants that have grappled with reduced revenues due to the pandemic. On average, restaurants using the Lunchbox platform have seen a 30% increase in sales across their brand. Lunchbox has grown its customer base by 925% within the last year and now counts leading restaurant brands like Clean Juice, Bareburger, and Fuku among its partners.